Abstract: What`s New for 2022? - Global competitiveness and key competitor percentage market shares - Market presence across multiple geographies - Strong/Active/Niche/Trivial - Online interactive peer-to-peer collaborative bespoke updates - Access to our digital archives and MarketGlass...
There have been mixed performances across the various luxury goods categories in 2022, although most have continued the recovery from the effects of the COVID-19 pandemic that started in the second half of 2021 as restrictions were lifted. Growth is expected to continue for the remainder of 2022 with sales continuing to move towards pre-pandemic...
After the sharp slowdown seen at the start of the COVID-19 pandemic, sales of luxury goods continued to show signs of recovery in 2022. Sales of personal luxury have been boosted by the reopening of stores and the progression of the country’s COVID-19 vaccination programme, coupled with the easing of public health restrictions. Luxury...
Luxury goods is set to experience double-digit current value growth in 2022 as the UK has lifted its pandemic-related restrictions. The return to more normal levels of lifestyles is leading to a more positive outlook which is boosting consumer confidence to make discretionary purchases again, and thereby encouraging a return to luxury stores. Luxury...
By mid-2022, most US states had dropped COVID-19-related restrictions, with several putting limits on vaccine mandates. As consumers have gradually returned to their pre-pandemic lives throughout 2022, experiential luxury is set to register another step forward towards recovery following sharp growth in 2021, especially in luxury hotels. According...
Despite ongoing travel restrictions, inflation, and supply chain concerns, the global Luxury Goods industry continues to register a strong recovery of value sales. Now, to meet pent-up demand and maintain competitiveness post-pandemic, iconic brands are increasingly employing digital sales and marketing tools, launching new product collections,...
Luxury goods had a promising start in China in 2022, with leading luxury goods conglomerates continuing their robust growth in the first quarter, and encouraging results reported. However, in the second quarter it was faced with high uncertainty, given the rapid spread of the Omicron variant of COVID-19, which led to full or partial lockdown...
The luxury goods market in Thailand is set to see the continuation of its recovery in 2022. Indeed, the overall market is expected to exceed the level of value sales seen immediately prior to the outbreak of COVID-19 during the year, although several categories are likely to remain below pre-pandemic levels. Luxury Goods in Thailand...
After the second wave of COVID-19 hit India in the first half of 2021, the pandemic was believed to be under control due to a rise in vaccination rates. Although the country experienced a third wave in early 2022 as a result of the Omicron variant of COVID-19 emerging, its impact was not prolonged. Luxury Goods in India report offers...
Argentina’s recovery from the impact of the COVID-19 pandemic has been slower than expected as new external issues impact local business. Despite seeing GDP growth in 2021, the pace of recovery has slowed in 2022 according to socioeconomic data. In addition, Argentina continues to be plagued with double-digit inflation, with this being hit...